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230-Unit Apartment Complex
For Sale
Contact for pricing
Pending

1599 Irving Park Rd, Itasca, IL 60143

Multi-building residential complex with upgraded common-area systems and varied one- and two-bedroom layouts.

Property SizeContact for details
Lot Size10.19 Acres
Days on Market142

Property Features for 1599 Irving Park Rd

General Information

Standard status Pending
Lot size 10.19 Acres
Property subtype Multifamily

Units

Unit Mix 170 x 1BR/1BA, 60 x 2BR (2BA and 1.5BA)
Multifamily Units 230

Amenities

laundry room
storage rooms
phone intercom system
exterior postal box cluster

Building Details

Year Built 1974
Buildings 5
Listing Agency: 33 Realty LLC
Listed By: Sean Connelly · License #IL 481011345
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 2:00PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 33 Realty LLC

Investment Insights

Based on property information with market context.

Medinah Terrace is a 230-unit apartment complex comprising five buildings constructed in 1974 on 10.19 acres. The unit mix includes 170 one-bedroom, one-bath residences and 60 two-bedroom homes with either one-and-a-half or two bathrooms. Each building includes a laundry room, while 15 storage rooms are distributed across the floors. The property also has 10 exterior entrances and four garbage disposal areas.

Recent capital work includes a 2019 TPO roof replacement, new front entry doors, rebuilt parking lot sewers, an updated phone intercom system, refurbished exterior entry steps, and LED lighting throughout common areas and the parking lot. The roof carries a 20-year Firestone materials warranty and a 60-month installer workmanship warranty. An exterior postal box cluster has also been installed.

Located at 1599 Irving Park Road in Itasca, Illinois, the condominium property is being offered as a de-conversion opportunity. The complex includes both rental and individually owned units, creating an existing mix of occupancy arrangements.

Key Highlights

  • 230 units across 5 buildings on 10.19 acres
  • Unit mix includes 170 one‑bedroom units and 60 two‑bedroom units
  • 2019 TPO roof improvements with 20‑year Firestone materials warranty

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Hair Salon Dental Office Law Firm Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

230
Residential units

Location Intelligence

Trade Area within ½ mile

358
Businesses Nearby

Demographics for 60143, IL

11,214
Population
4,879
Households
2.3
Avg Household Size
42
Median Age
48%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
1,602
Density / Sq Mi
$112,247
Median Household Income
$61,706
Median Earnings
$1,775
Median Rent
$386,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multi-building residential complex with upgraded common-area systems and varied one- and two-bedroom layouts.
Where is this apartment building located?
The property is located at 1599 Irving Park Rd Itasca, IL.
What are key features of this property?
This property features: 230 units across 5 buildings on 10.19 acres; Unit mix includes 170 one‑bedroom units and 60 two‑bedroom units; 2019 TPO roof improvements with 20‑year Firestone materials warranty
(773) 245-0587 Call to check price and availability
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